IBM and SAP are looking to deepen their partnership by developing cognitive extensions enabled with SAP HANA software.

Specifically, the companies intend to co-locate resources in Walldorf, Germany and Palo Alto, California with the aim of sparking new solutions.

"The future of business strategy and business value will proceed from the foundational elements of this announcement -- cognitive, cloud and the design of consumer-quality experiences in every industry," said Bridget van Kralingen, senior vice president, IBM Global Business Services. "We're formalizing a complementary set of capabilities to simplify and speed outcomes for clients evolving to become cognitive enterprises."

"Today's announcement builds on SAP's commitment to enable strong, growing businesses that can seize the amazing opportunities of the digital economy," said Rob Enslin, member of the Executive Board of SAP SE and president of Global Customer Operations, SAP. "SAP S/4HANA is the reimagined suite of core business applications that has once again set the standard for the industry. I'm delighted that IBM and SAP will collaborate closely to give customers a clear roadmap to innovating new business models and outcomes that were never before possible."

Amazon Web Services released an automated security assessment service that helps customers improve the security and compliance of their applications running on Amazon Elastic Compute Cloud (Amazon EC2) by identifying potential security issues, vulnerabilities, or deviations from security standards.

Amazon Inspector deploys on-host agents so customers get insight from inside Amazon EC2 instances and other AWS resources that make up an application environment. Amazon Inspector is also fully integrated with AWS CloudTrail, providing central logging of all security testing activity, giving auditors full visibility into what tests were performed and when, streamlining the process of demonstrating compliance in the development and operations lifecycle. With the new Amazon Inspector tool, customers pay only for the assessments they run, with the first 250 assessments free for a customer’s first 90 days.

“Customers have asked us if we could help them do the same rigorous security assessments on their applications that we do for our AWS services,” said Stephen Schmidt, Chief Information Security Officer, AWS. “Amazon Inspector delivers key learnings from our world-class security team as a managed service, so customers benefit from our continuous implementation of best practices and threat intelligence. Companies of all sizes can now perform assessments of their applications in an automated way and proactively remediate vulnerabilities.”

Intel will cut up to 12,000 jobs globally - approximately 11% of its workforce - as it aims "to accelerate its evolution from a PC company to one that powers the cloud and billions of smart, connected computing devices."

Intel said it sdata center and Internet of Things (IoT) businesses are the primary growth engines now, with memory and field programmable gate arrays (FPGAs) accelerating these opportunities. These growth businesses delivered $2.2 billion in revenue growth last year, and made up 40 percent of revenue and the majority of operating profit, which largely offset the decline in the
PC market segment.

“Our results over the last year demonstrate a strategy that is working and a solid foundation for growth. The opportunity now is to accelerate this momentum and build on our strengths. These actions drive long-term change to further establish Intel as the leader for the smart, connected world. I am confident that we’ll emerge as a more productive company with broader reach
and sharper execution,” stated Intel CEO Brian Krzanich.

Intel expects the restructuring to deliver $750 million in savings this year and annual run rate savings of $1.4 billion by mid-2017. The company will record a one-time charge of approximately $1.2 billion in the second quarter.

Transition Networks introduced its new 40G quad small form factor pluggable (QSFP+) optical transceivers designed for high growth 40G Ethernet networks.

The new TN-QSFP-40G-xx transceivers can be installed in any QSFP+ port, allowing for 40GBase-X interfaces to the network through the QSFP+ connector. The transceivers are built for bi-directional serial-optical data communication such as 40G Ethernet.

The TN-QSFP-40G-xx series features 4 channels with up to 11.1 Gb/s per channel, a maximum link length of 400m on OM4 multimode fiber or 30km over single mode fiber and a hot-swappable 40G transceiver that plugs into a QSFP+ port. The series supports SFF-8436 digital diagnostic monitoring interface (DMI) and is compatible with Cisco switches and routers as well as their IOS.

“Existing 1G/10G infrastructures are not able to meet the rising demand of the higher data rates being driven by virtualization, big data, cloud services and convergence. This demand is necessitating 40G fiber networking which SFP has become the standard for cost effective service turn-up,” said Tony LeFebvre, Director of Product Management for Transition Networks. “The addition of TN-QSFP-40G-xx to our extensive SFP portfolio demonstrates Transition Networks’ continued commitment to providing reliable, cost effective and high performance networking products with the dedicated service and support our customers have come to expect..”

Intel reported first-quarter GAAP revenue of$13.7 billion, operating income of $2.6 billion, net income of $2.0 billion and EPS of 42 cents. The company generated approximately $4.0 billion in cash from operations, paid dividends of $1.2 billion, and used $793 million to repurchase 27 million shares of stock.

“Our first-quarter results tell the story of Intel’s ongoing strategic transformation, which is progressing well and will accelerate in 2016,” said Brian Krzanich, Intel CEO. “We are evolving from a PC company to one that powers the cloud and billions of smart, connected computing devices.”

Segment highlights:

Client Computing Group revenue of $7.5 billion, down 14 percent sequentially and up 2 percent year-over-year

Data Center Group revenue of $4.0 billion, down 7 percent sequentially and up 9 percent year-over-year

Internet of Things Group revenue of $651 million, up 4 percent sequentially and up 22 percent year-over-year

Threat Stack, a start-up based in Boston, announced $15.3 million in Series B funding for its cloud security and compliance management solutions.
Threat Stack recently launched its Cloud Security Platform (CSP) in early 2016. The cloud-native platform supports security insight across all environments, cloud security providers and containers.

The funding round was led by Scale Venture Partners (Scale), with participation from all existing investors, including Accomplice and .406 Ventures. This brings total investment in Threat Stack to more than $26 million.

“Since I joined Threat Stack a year ago, we’ve experienced incredible business momentum. Our growth is not only across our customer base but also as a team working passionately to build a security and compliance solution that meets the growing needs of modern cloud infrastructure,” said Brian M. Ahern, chairman and CEO, Threat Stack. “This latest round of funding validates our approach to the market, and will fuel further enhancement of Threat Stack’s Cloud Security Platform to improve operational efficiency, while resolving security and compliance challenges for customers across all industries.”

Delphix, a start-up offering a data virtualization software engine that installs as a virtual machine on any supported hypervisor , appointed Chris Cook as president and chief executive officer and a member of the board of directors. Founding CEO Jedidiah Yueh will transition to executive chairman and focus on continued innovation in the Delphix platform, strategy, vision, and key customer and partner relationships.

Most recently, Cook served as president and chief operating officer of New Relic, a software analytics leader, where he spent over four years scaling the company's operations, leading to a successful IPO in 2014. Prior to New Relic, Cook spent four years as corporate senior vice president and general manager of CA Technologies' application performance management division and held sales leadership positions at Quest Software and BMC Software.

Delphix recently released 5.0, the next major evolution of its flagship product, enabling customers to easily secure and mask sensitive data before migration to the cloud, and extending the platform to IBM DB2 databases and multi-node Oracle EBS deployments.
"Although we've grown quickly over the last seven years, we've only scratched the surface of the opportunity. Continuing to scale at this level really becomes a matter of talent," said Yueh.

“Huawei Marine is committed to investing in the development of high-performance technology,” said Zhang Shigui, Vice President of Technology, Huawei Marine. “This breakthrough in unrepeatered system marks another milestone for Huawei Marine and further demonstrates our technical expertise and ability to deliver innovative solutions to address our customer needs”